
Functions of Money
what is money? Primary functions Secondary Contingent 1. A Medium of Exchange 2. A measure of Value 1. Store of value 2. Transfer of value 3. Standard of Deferred Payments 1. Basis of Credit creation2. Employing factor inputs3. Creation & Redistribution of National Income 4. Liquidity Functions of Money (a) Primary Functions: [1] Medium of […]
